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Immelt on China

Business Week has a great story about the Immelt revolution underway inside GE. In a sidebar Q&A interview, CEO Jeff Immelt discusses China:

China is really about infrastructure. There will be tremendous investments made in infrastructure, health care, energy, water, water, security. GE can approach China as one company and form a company-to-country relationship that’s bigger than any of the pieces.

We’re getting more comfortable with the rule of law. We’ve been careful so far. Our investments only trail our ability to understand what the rules are going to be. When I go there today, there’s a tremendous focus on the financial system. They’ve got external consultants working on it. China is not a slam dunk. But it’s right in GE’s sweet spot, so we’ve got to play and play big.